Zacks: Brokerages Expect Belmond (BEL) Will Announce Quarterly Sales of $100.92 Million

Equities analysts forecast that Belmond (NYSE:BEL) will post sales of $100.92 million for the current quarter, according to Zacks. Two analysts have provided estimates for Belmond’s earnings, with the lowest sales estimate coming in at $96.90 million and the highest estimate coming in at $104.94 million. Belmond reported sales of $95.40 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.8%. The company is expected to issue its next quarterly earnings report after the market closes on Tuesday, May 8th.

According to Zacks, analysts expect that Belmond will report full year sales of $608.84 million for the current fiscal year, with estimates ranging from $598.30 million to $619.38 million. For the next year, analysts forecast that the firm will report sales of $637.61 million per share, with estimates ranging from $632.65 million to $642.57 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Belmond.

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Belmond (NYSE:BEL) last posted its quarterly earnings results on Monday, February 26th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.01). Belmond had a positive return on equity of 1.73% and a negative net margin of 8.01%. The firm had revenue of $117.30 million for the quarter, compared to the consensus estimate of $127.62 million.



BEL has been the topic of several analyst reports. ValuEngine lowered shares of Belmond from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research lowered shares of Belmond from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $14.33.

Several large investors have recently added to or reduced their stakes in BEL. BlackRock Inc. increased its holdings in shares of Belmond by 3.1% in the fourth quarter. BlackRock Inc. now owns 11,145,737 shares of the company’s stock valued at $136,535,000 after purchasing an additional 329,994 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Belmond by 187.8% in the third quarter. Neuberger Berman Group LLC now owns 343,230 shares of the company’s stock valued at $4,685,000 after purchasing an additional 223,960 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Belmond by 213.2% in the fourth quarter. Deutsche Bank AG now owns 307,201 shares of the company’s stock valued at $3,759,000 after purchasing an additional 209,119 shares during the last quarter. Garnet Equity Capital Holdings Inc. acquired a new position in shares of Belmond in the fourth quarter valued at $1,838,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Belmond in the fourth quarter valued at $1,499,000. Hedge funds and other institutional investors own 81.69% of the company’s stock.

NYSE BEL traded down $0.10 on Friday, hitting $11.00. 180,424 shares of the stock were exchanged, compared to its average volume of 360,398. The company has a current ratio of 1.98, a quick ratio of 1.81 and a debt-to-equity ratio of 1.00. Belmond has a 52 week low of $10.75 and a 52 week high of $14.20. The firm has a market capitalization of $1,167.30, a P/E ratio of 91.67 and a beta of 1.29.

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About Belmond

Belmond Ltd. engages in the hotel and travel businesses. As of December 31, 2017, the company owned, invested in, or managed 36 deluxe hotels and resort properties in the United States, Mexico, The Caribbean, Europe, Southern Africa, South America, and Southeast Asia; 1 stand-alone restaurant in New York; 7 tourist trains in Europe, Southeast Asia, and Peru; 1 river cruise in Myanmar; and 1 canal boat business in France.

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